1. Powell 'not confident' Fed has tamed inflation
Federal Reserve Chair Jerome Powell indicated Thursday that the central bank's policymakers were in no hurry to raise interest rates again but would do so if necessary to cool the economy further and contain inflation. The Fed earlier this month decided to keep rates unchanged in the 5.25-to-5.5% range. Inflation has come down considerably since a summer 2022 peak, but remains above the Fed's 2% target. Powell, speaking from remarks prepared for an International Monetary Fund conference, said Fed leaders had made progress but were still "not confident" they had restricted monetary policy enough to achieve their goals. "Inflation has given us a few head fakes," he said. The New York Times, CNN
2. Jezebel shuts down after owner failed to find buyer
3. Novo Nordisk invests billions to boost Danish Wegovy production
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4. IRS raises tax brackets 5.4% to cover inflation
5. Wall Street struggles after Fed remarks
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